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Delek Logistics ( (DKL) ) has shared an announcement.
Delek Logistics Partners, LP announced the closing of its acquisition of Gravity Water Intermediate Holdings LLC, a move that enhances its midstream services in the Permian and Bakken basins. This $285 million acquisition, paid partly in cash and equity, strengthens Delek Logistics’ integrated crude and water services, promising significant synergies and increased EBITDA from third-party sources, thus reinforcing its market positioning and value for stakeholders.
More about Delek Logistics
Delek Logistics Partners, LP is a midstream energy master limited partnership based in Brentwood, Tennessee. The company operates primarily in the Permian Basin and the Gulf Coast region, providing services such as gathering, pipeline transportation, storage, wholesale marketing, terminalling, and water disposal and recycling for crude oil, intermediates, refined products, and natural gas.
YTD Price Performance: 0.0%
Average Trading Volume: 217,416
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.17B
Learn more about DKL stock on TipRanks’ Stock Analysis page.
